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The Latest Breaking News from Shari Redstone

Paramount-Skydance merger faces a new challenge over concerns about a China-based investor

Proposed Hollywood studio merger between Paramount and Skydance Media has received a new challenge this week.

Fortune

Shari Redstone To Leave Paramount Board Post Skydance Merger: Report

Both Redstone and her son, Tyler Korff, have the option to join the board of the new company but have no plans to do so, according to a report.

International Business Times

CBS interview creates Paramount rift

Tony Dokoupil sparred with Coates in a tense interview around the author's account of the war in Gaza

Salon

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Paramount Chair Shari Redstone To Receive $180M In Severance, Benefits: Report

Paramount chair Shari Redstone is set to receive $180 million in severance pay following Skydance's acquisition of the movie company.

International Business Times

Path clears for Paramount merger with Skydance after Bronfman drops bid

Ex-Warner Music chief had formed consortium to gazump planned deal but some would-be investors withdrew

The Guardian - UK

Edgar Bronfman Jr.’s Bid for Paramount Fades to Black

Withdrawal appears to clear way for Skydance to close acquisition of struggling media company

Multichannel News

Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

The Guardian - UK

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Paramount Global receives $4.3bn takeover offer from Edgar Bronfman Jr

Veteran media executive’s bid would scupper Hollywood media empire’s planned merger with Skydance Media

The Guardian - US

Bronfman Makes $4.3B Bid for Paramount

Paramount and its main shareholder had previously accepted a bid from Skydance Media

TV Tech

Edgar Bronfman Makes $4.3 Billion Bid For Paramount

Shari Redstone’s National Amusements gets $2.4 billion

Multichannel News

Edgar Bronfman Submits $4.3 Billion Rival Bid For Paramount Global

The bid also covers a $400 million breakup fee, which would be necessary to terminate a competing agreement that Paramount Global had previously entered into.

International Business Times

Paramount Shareholder Challenges Skydance Merger in Court

A Paramount Global shareholder filed a lawsuit against a pending deal between Paramount and Skydance Media.

Player One

Why We Can’t Be Bothered With TCA Anymore

Also in this week’s ‘Next Text,’ we ponder AMC’s long, slow march to irrelevance, the power of bundles, and Mario Gabelli’s quest to put Shari Redstone in a fishbowl

Broadcasting & Cable

Mario Gabelli Wants Same Price for Paramount Voting Shares That Shari Redstone Got

Skydance paying $1.7 billion for National Amusements

Multichannel News

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Fortune

Who is David Ellison? Heir to the Oracle fortune celebrates clinching $28B Paramount deal

Oracle founder Larry Ellison’s son, David Ellison, announced he reached terms to acquire a controlling stake in Paramount.

Multichannel News

David Ellison Spells Out Goals for ‘New Paramount’

Plan is to create a media-technology hybrid and cut costs by $2 billion

TV Tech

Skydance, Paramount to Merge in $8B Deal

Merged venture, named ‘New Paramount’ will be led by David Ellison as Chairman/CEO and Jeff Shell as President

International Business Times

It's Official: Skydance Media And Paramount Global Announce Merger In Groundbreaking Deal

Shari Redstone, Paramount's non-executive chair, will relinquish the family's controlling stake through a complex transaction that will lead to the merger.

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The Guardian - UK

Hollywood studio Paramount agrees $28bn merger with Skydance

End to Redstone family’s involvement in media group, which also owns CBS, Nickelodeon and the UK’s Channel 5

The Independent UK

Entertainment giant Paramount agrees to a merger with Skydance

Entertainment giant Paramount, which owns CBS and was behind blockbuster films such as “Top Gun” and “The Godfather” has agreed to merge with Skydance

Multichannel News

Paramount Global Agrees to Merge with David Ellison’s Skydance, Jeff Shell Named President

Complex deal is valued at around $8 billion and will take control over Par out of Redstone hands for the first time since 1987

TV Tech

Reports: David Ellison Nears New Deal for Paramount

Ellison’s Skydance Media would pay $1.75B for Paramount’s holding company National Amusements

International Business Times

National Amusements Strikes Preliminary Deal To Sell Paramount Stake To Skydance Media

The proposed new deal, valued at $1.75 billion, involves Skydance acquiring National Amusements' 77% voting shares in Paramount.

Broadcasting & Cable

David Ellison Forges New Agreement To Buy Paramount Holding Company National Amusements

Two sides also reportedly agree to 45-day period during which NAI and the Redstone family can shop for better offers

Broadcasting & Cable

Is Charles Barkley's Retirement Declaration Believable … or Bluff?

Also in this week's 'Next Text,' we examine the Rube Goldberg workings of Skydance's doomed Paramount purchase, Lakers owner Jeanie Buss' unseemly ghosting of NBA GOAT Jerry West, and some cool trinkets from Apple's World Wide Developers Conference

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